Invesco International Dividend Achievers ETF (NASDAQ:PID) Reaches New 1-Year High – Should You Buy?

Shares of Invesco International Dividend Achievers ETF (NASDAQ:PID) reached a new 52-week high during trading on Friday . The company traded as high as $23.12 and last traded at $23.12, with a volume of 124027 shares trading hands. The stock had previously closed at $22.68.

Invesco International Dividend Achievers ETF Price Performance

The firm’s 50 day moving average is $22.29 and its 200 day moving average is $21.64. The company has a market cap of $934.74 million, a PE ratio of 15.28 and a beta of 0.81.

Invesco International Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.1185 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco International Dividend Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Modern Wealth Management LLC grew its position in Invesco International Dividend Achievers ETF by 2.4% during the third quarter. Modern Wealth Management LLC now owns 1,032,733 shares of the company’s stock worth $21,963,000 after buying an additional 24,655 shares in the last quarter. UBS Group AG raised its holdings in shares of Invesco International Dividend Achievers ETF by 1.9% in the 3rd quarter. UBS Group AG now owns 929,589 shares of the company’s stock valued at $19,770,000 after acquiring an additional 17,447 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco International Dividend Achievers ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 915,885 shares of the company’s stock valued at $19,478,000 after acquiring an additional 6,572 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Invesco International Dividend Achievers ETF by 11.7% during the third quarter. Jones Financial Companies Lllp now owns 616,547 shares of the company’s stock worth $13,071,000 after purchasing an additional 64,674 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in shares of Invesco International Dividend Achievers ETF by 11.8% during the third quarter. Equitable Holdings Inc. now owns 505,941 shares of the company’s stock worth $10,760,000 after purchasing an additional 53,545 shares in the last quarter. Hedge funds and other institutional investors own 46.28% of the company’s stock.

Invesco International Dividend Achievers ETF Company Profile

The Invesco International Dividend Achievers ETF (PID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-yield-weighted index of foreign securities with high dividend growth. PID was launched on Sep 15, 2005 and is managed by Invesco.